Monthly Archives: April 2009

Getting Paid in a Tough Economy: Beyond Net 30

Businesses everywhere are trying to stay in business any way that they can.  While the economy continues to take a nose dive, business owners everywhere have to deal with setting up payment arrangements to get paid. Foreclosures are at a … Continue reading

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Posted in Books, Business Credit, Collection Tools, Collections for Creditors, Economic Crisis, Recession | 1 Comment

Dealing with the Economic Crisis

Remember you are not alone and there are things you can do to make it through these tough times: Keep an eye on your A/R & credit limits. Send invoices upon completion of work – don’t wait 30 days. Offer … Continue reading

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Posted in Credit Crisis, Credit Crunch, Economic Crisis, Recession | Leave a comment

2 Steps to Strengthen your Credit Policy

There are 2 easy things you can do to strengthen your credit policy today: Make sure every account is up to date on payments, start working on them now if you haven’t been. Make sure you have a signed credit … Continue reading

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Posted in Business Credit, Credit Crisis, Credit Crunch, Economic Crisis, Recession | Leave a comment

Why you should be a Squeaky Wheel

Being a squeaky wheel will expand your perspective on what it takes to run a successful business.  When you become a squeaky wheel you will: Increase profits & revenues Decrease costs Improve operational efficiency Increase collections Minimize risk AND…you will … Continue reading

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Posted in Being a Great Collector, Business Credit, Collections for Creditors, Credit Crisis, Credit Policy Questions, Economic Crisis, Getting Paid - Michelle Dunn - Business Finance Columni | Leave a comment

What is a Squeaky Wheel & why should I be one?

Becoming the Squeaky Wheel serves two purposes, one is to let your customers know from the get go that you are serious about getting paid, you will not let anything slide.  Another is to get older and past due balances … Continue reading

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Posted in Being a Great Collector, Credit Crisis | Leave a comment

Michelle Dunn to be featured in July issue of Fitness Magazine

Michelle Dunn was recently interviewed for a story the National publication, Fitness Magazine is publishing on “Women’s body confidence”. Dunn was contacted because of her successes as an entrepreneur, writer and business woman. Michelle has been training and boxing at … Continue reading

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Posted in About Michelle Dunn, Random posts | Leave a comment

Create your own Credit Application in 6 Easy Steps

When I tell business owners to make sure to have every customer fill out a credit application, they cringe. What is a credit application?  where do I get one?  what is on a credit application? Those are just some of … Continue reading

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Posted in Business Credit, Collection Tools, Collections for Creditors, Credit Crisis, Credit Crunch, Credit Policy Questions, Economic Crisis | Leave a comment

Offering Credit in a bad Economy

Does your business extend credit? How do you decide who will get credit and how much? Some tips to help you extend credit: Set your terms of sale. Maybe Net 30, or revolving credit, discounts for early payment, or late … Continue reading

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Posted in Checking credit, Collections for Creditors, Credit Policy Questions | Leave a comment

How to Start an Accounts Receivable Outsourcing Firm

Dear Michelle, I have 15 years experience in the collection industry.  I have collected on car notes, medical accounts and more.  I am currently working as a contractor inside a medical facility in North Carolina.  The company that I work … Continue reading

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Posted in Accounts Receivable Outsourcing, Ask Michelle, FAQ's | 1 Comment

When do I report a debt to the Credit Bureau?

Dear Michelle, When sending collection letters is not enough, can we report the debts to a credit bureau? Do I have to wait 120 days and what can I expect once this action is taken? Thank you, Marilyn Dear Marilyn, … Continue reading

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Posted in Ask Michelle, Collection Tools, Credit Reporting | Leave a comment